Plume partners with Google Cloud to redefine RWA onboarding

Plume Network partners with Google Cloud and CloudMile to transform the real-world asset market using AI.

Layer 1 blockchain seeks to redefine the RWA ecosystem and unveil partnership in advertisement On December 20th.

According to the L1 team, the collaboration with Google Cloud aims to revolutionize the onboarding process of real assets by leveraging artificial intelligence. In this case, Plume is set to leverage the cloud computing giant’s infrastructure to automate the evaluation of RWA projects via artificial intelligence.

“This collaboration will enhance Plume’s data intelligence suite for RWAs by leveraging Vertex AI and cutting-edge GPU infrastructure (A100 and V100 processors), enabling faster, secure, and compatible coding and analysis of RWAs,” Plume noted in a post on X.

Blume said CloudMile’s AI and cloud technology will be key to the collaboration.

As the cryptocurrency industry welcomes the increasing intersection between blockchain and AI, CloudMile’s expertise will aid in the overall implementation of the AI-powered initiative. Compliance and real-time analytics leveraging Google Cloud’s BigQuery, Dataflow, and Looker Studio will also help drive premium RWA adoption as Plume looks to open up RWAfi investment opportunities for enterprises.

Bloom recently Closed $20 million Series A round Led by Brevan Howard Digital, Haun Ventures and Galaxy Digital among other venture capital firms.

In October, Plume teamed up with private credit provider Credbull to launch the high-yield solutions platform LiquidStone. Another partnership is Alliance with Chatto CapitalIt aims to tokenize illiquid assets to unlock opportunities in the $500 million private markets sector.